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Athens Macedonian News Agency: News in English, 15-12-11
CONTENTS
[01] Gov't, institutions reach deal on new privatisation fund, power
grid operator
[01] Gov't, institutions reach deal on new privatisation fund, power
grid operator
A marathon-long meeting between the government's economic team and
representatives of Greece's institutional ended in the early morning
hours of Friday with an agreement over a new privatisation fund and
a compromise over the currently state-owned power grid transmission
operator (ADMIE).
Both sides were to hold more talks on non-performing loans (NPLs), as
part of the prior actions necessary before a sub-tranche of 1 billion
euros is disbursed to Greece.
According to sources, an agreement is pending on the NPLs, which would
open the way towards the disbursement of the sub-tranche. Sources said
that Friday talks will focus on commercial loans, whereas mortgage loans
would be dealt with next year, within the framework of the first review.
In the agreement reached between the government with the institutions,
the new privatisation fund will include three representatives of the
government and two from the institutions.
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